Turnkey Duplex with Separate
5814 Cleveland St Hollywood, FL 33021
5814 Cleveland St, Hollywood, FL, 33021
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For Sale
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Turnkey duplex with tenants in place, upgraded interiors, new roof and central A/C, and separate electric and water meters.
Property Size1,703 SF
Price / SF$410.45
Days on Market96
Property Features for 5814 Cleveland St
General Information
- Standard status
- Active
- Size
- 1,703 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing agency
The Keyes Company
(954) 591-3811
Listed by
Ricardo Acuna · License #3223738
Source
Crexi
Added: Apr 18 Updated: Jul 21 at 9:29PM Checked: Jul 21 at 9:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Keyes Company
Investment Insights
Based on property information with market context.
This turnkey duplex is offered with tenants in place and features recent upgrades aimed at low-maintenance operations. Improvements include a new roof (2024), central A/C installed in the 2BR unit (2023), remodeled kitchens with new appliances, updated electrical panels, and a freshly painted exterior. The property also includes separate electric and water meters to help simplify management and operating expenses. Additional exterior features include sealed driveways and added storage sheds for tenant convenience.
The property is located at 5814 Cleveland St, Hollywood, FL, and is described as just minutes from the Seminole Hard Rock Hotel & Casino, Hollywood Beach, and Fort Lauderdale Hollywood International Airport.
For a duplex buyer or investor, the combination of in-place tenancy and documented capital improvements supports a move-in-ready residential income setup.
The property is located at 5814 Cleveland St, Hollywood, FL, and is described as just minutes from the Seminole Hard Rock Hotel & Casino, Hollywood Beach, and Fort Lauderdale Hollywood International Airport.
For a duplex buyer or investor, the combination of in-place tenancy and documented capital improvements supports a move-in-ready residential income setup.
Key Highlights
- Turnkey duplex with tenants in place
- New roof in 2024
- New central A/C installed in 2023 in the 2BR unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.0k | $27.00 |
| − Vacancy | −$2.4k | −$1.40 |
| EGI | $43.6k | $25.60 |
| − OpEx | −$13.1k | −$7.68 |
| NOI | $30.5k | $17.92 |
1,703 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$435.9K
$381.4K – $508.6K
NOI $30,513 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$405.5K
$354.8K – $473.1K
NOI $28,386 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$666.2K
$582.9K – $777.3K
NOI $46,635 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey duplex with tenants in place, upgraded interiors, new roof and central A/C, and separate electric and water meters.
Where is this duplex located?
The property is located at 5814 Cleveland St Hollywood, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Turnkey duplex with tenants in place; New roof in 2024; New central A/C installed in 2023 in the 2BR unit
